Close Brothers Group (LON:CBG) Stock Crosses Above 200 Day Moving Average – Here’s Why

Posted by Donna Armstrong on Feb 21st, 2025

Close Brothers Group plc (LON:CBG – Get Free Report)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 336.33 ($4.26) and traded as high as GBX 336.60 ($4.27). Close Brothers Group shares last traded at GBX 315 ($3.99), with a volume of 1,203,246 shares trading hands.

Analysts Set New Price Targets

Several equities analysts recently commented on CBG shares. Shore Capital reissued a “buy” rating on shares of Close Brothers Group in a research note on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Close Brothers Group from GBX 610 ($7.73) to GBX 600 ($7.60) and set a “hold” rating for the company in a research note on Thursday, February 13th.

Check Out Our Latest Analysis on CBG

Close Brothers Group Stock Up 2.6 %

The company’s 50 day moving average price is GBX 271.54 and its 200-day moving average price is GBX 336.33. The stock has a market cap of £486.94 million, a P/E ratio of 4.87, a P/E/G ratio of 1.87 and a beta of 0.82.

Insider Activity

In other news, insider Mike Morgan sold 10,885 shares of the stock in a transaction on Friday, December 13th. The shares were sold at an average price of GBX 241 ($3.05), for a total transaction of £26,232.85 ($33,239.80). Insiders own 2.91% of the company’s stock.

About Close Brothers Group

(Get Free Report)

Close Brothers Group plc, a merchant banking company, engages in the provision of financial services to small businesses and individuals in the United Kingdom. It operates through five segments: Commercial, Retail, Property, Asset Management, and Securities. The company offers banking services comprising of debt factoring, invoice discounting, asset-based lending; financing for SMEs, residential housing, transport, industrial equipment, renewable energy, motorcycle, used car, and commercial vehicle financing; insurance, refurbishment, and bridging financing, savings products for individuals and corporates, hire purchase, lease, and loan related services.